Former US president Donald Trump has dropped out of the 2021 Forbes 400 list of America’s richest people for the first time in 25 years after failing to make the cut by $400 million.
With a net worth of about $2.5 billion, Mr Trump’s fortune, which is mostly tied up in real estate through the Trump Organisation, has fallen by $600m since the beginning of the Covid-19 pandemic, according to Forbes.
“Technology stocks, cryptocurrencies and other assets have thrived in the Covid era,” Forbes said on Tuesday. “But big-city properties – which make up the bulk of Trump’s fortune – have languished, knocking the former president out of the nation’s most exclusive club.”
The Forbes 400 list is an annual compilation of the richest Americans who own assets in the US and ranks them by their net worth. The list, which was first published in 1982, now requires a minimum net worth of $2.9bn, up $800m from a year ago.
Mr Trump is currently ranked in 1,299th place on the list, down from 339 last year. This is the first time he has failed to make an appearance in the top 400 of America’s wealthiest people since 1990, when he dropped off the list for five years before returning in 1996.
The Trump Organisation is a real estate conglomerate that owns numerous commercial and residential properties across the world, including its flagship Trump Tower in New York, golf courses in Scotland, the US and Ireland, and the Mar-a-Lago club in Palm Beach, Florida, where Mr Trump has been living since leaving the White House in January.
Mr Trump has also earned hundreds of millions of dollars since 2000 after licensing his name for a range of products and real estate development projects across the world, according to Celebrity Net Worth. This includes the 18-hole Trump International Golf Club – Damac Hills in Dubai.
“If Trump is looking for someone to blame, he can start with himself,” Forbes said. “Five years ago, he had a golden opportunity to diversify his fortune. Fresh off the 2016 election, federal ethics officials were pushing Trump to divest his real estate assets. That would have allowed him to reinvest the proceeds into broad-based index funds and assume office free of conflicts of interest.”
Mr Trump, however, refused to divest his assets and passed control of the Trump Organisation to his sons, Donald Jr and Eric, during his one-term presidency.
“I could actually run my business and run government at the same time,” he said just one week before entering the White House in 2016. “I don’t like the way that looks, but I would be able to do that if I wanted to. I would be the only one that would be able to do that.”
Mr Trump is under investigation in New York for tax fraud and other reported wrongdoings relating to the financial activities of his Trump Organisation.
The US Justice Department in August also ordered the Treasury to provide a congressional committee with six years of records that Mr Trump has long refused to make public.
Meanwhile, Amazon founder Jeff Bezos topped the 2021 Forbes 400 list with a net worth of $201bn, followed by Tesla and Space X founder Elon Musk with $190.5bn.
“The 400 wealthiest Americans saw their collective fortune increase 40 per cent over the last year to $4.5 trillion. Nearly all are richer than they were a year ago,” Forbes said.
2021 Forbes 400 top 10 list of America’s richest people
- Jeff Bezos: $201bn
- Elon Musk: $190.5bn
- Mark Zuckerberg: $134.5bn
- Bill Gates: $134bn
- Larry Page: $123bn
- Sergey Brin: $118.5bn
- Larry Ellison: $117.3bn
- Warren Buffett: $102bn
- Steve Ballmer: $96.5bn
- Michael Bloomberg: $70bn
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
Results
Male 51kg Round 1
Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.
Male 54kg Round 1
Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.
Male 57kg Round 1
Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.
Men 86kg Round 1
Ahmad Bahman (UAE) beat Mohammad Al Khatib (PAL) by points 2-1
Men 63.5kg Round 1
Noureddin Samir (UAE) beat Polash Chakma (BAN) RSC Round 1.
Female 45kg quarter finals
Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.
Female 48kg quarter finals
Szi Ki Wong (HKG) beat Dimple Vaishnav (IND) RSC round 2; Thanawan Thongduang (THA) beat Nastaran Soori (IRI) by points; Shabnam Hussain Zada (AFG) beat Tzu Ching Lin (TPE) by points.
Female 57kg quarter finals
Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.
Notable Yas events in 2017/18
October 13-14 KartZone (complimentary trials)
December 14-16 The Gulf 12 Hours Endurance race
March 5 Yas Marina Circuit Karting Enduro event
March 8-9 UAE Rotax Max Challenge
Our Time Has Come
Alyssa Ayres, Oxford University Press
BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.
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Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
Adele: The Stories Behind The Songs
Caroline Sullivan
Carlton Books
